Leicestershire Police has been rated ‘good’ in its latest inspection report following “prudent” management of its finances and resources.

The force was praised by Her Majesty’s Inspectorate of Constabulary (HMIC) for reducing costs and reinvesting funds in high priority areas.

Inspectors said the force works well with other regions and gave it an overall ‘good’ rating for its efficiency.

However the PEEL assessment report said it could “do more to understand likely future demand” to be ‘outstanding.

The report concluded: “Leicestershire Police has been assessed as good in respect of the efficiency with which it keeps people safe and reduces crime.

“The force has a good understanding of current demand for its services, but could do more to understand likely future demand.

“It uses its resources well to manage current demand, reallocating some resources to high-priority areas such as public protection.

“The force has a good track record of reducing costs and reinvesting in high priority areas, and collaborates well with other forces and organisations in the region.

“It works hard to increase its efficiency and improve the service it provides. In last year’s efficiency inspection, Leicestershire Police was judged to be good.”

Chief Constable Simon Cole said the report “highlights the wealth of positive work being delivered” during a time of austerity.

He added: “The recent budget settlement has been the toughest we have experienced and as the HMIC recognises we have continued to deploy our resources effectively and provide efficient service to the communities we serve despite the financial constraints.

“There are plans in place to further develop our collaborative working across the East Midlands ... which are widely recognised as leading the way.”

Willy Bach, Leicestershire’s Police and Crime Commissioner, said he is pleased the force’s “hard work” has been recognised.